Reinstating a deregistered company in South Africa can be complex, but avoiding common mistakes can save time and money. In this guide, we explore key pitfalls businesses face during the process and provide actionable solutions to ensure a smooth reinstatement with the CIPC
Tax season doesn’t have to be stressful. Discover 5 ways to simplify your tax return process with automation tools, proper organization, and professional help. Get prepared early to reduce the hassle and maximize your tax benefits.
Tax compliance is a crucial aspect of running a business in South Africa. Understanding the different tax returns and filing them correctly can help businesses avoid penalties and maintain good standing with the South African Revenue Service (SARS). Two key tax returns that businesses must be aware of are the IRP6 and ITR14. This article […]
Facing a tax audit can feel intimidating, especially when it’s conducted by the South African Revenue Service (SARS). But the process doesn’t have to be overwhelming if you’re well-prepared. Here at Biz Evolution, we understand the importance of good preparation and want to help you approach a SARS audit with confidence. Here’s a practical, step-by-step […]
For many businesses in South Africa, tax debt can be overwhelming. The South African Revenue Service (SARS) recognizes this and offers relief through its tax compromise programme. As Biz Evolution, we specialise in helping businesses navigate tax challenges, and in this blog, we’ll unpack everything you need to know about SARS tax compromise and how […]
The South African retirement landscape has recently undergone a significant shift with the introduction of the Two-Pot Retirement System. This new structure which will come into effect from the 1st of September 2024, is designed to give individuals more flexibility in accessing their retirement savings while maintaining a secure future. While the system has been […]
Tax season can be a stressful time for individuals and businesses alike. With complex tax laws and ever-changing regulations, it’s easy to feel overwhelmed. But fear not! Biz Evolution is here to guide you through the tax season maze. Understanding the South African Tax System South Africa has a progressive tax system, meaning that higher […]
Tax season is a time of stress and uncertainty for many South Africans. Unfortunately, it’s also a prime opportunity for scammers to prey on unsuspecting taxpayers. At Biz Evolution, we believe that knowledge is power, and we want to equip you with the strategies to protect yourself from tax scams. Common Tax Scams Scammers are […]
Just got a cryptic SMS from SARS about “auto-assessment“? Relax, you’re not in trouble. This is actually good news! SARS is streamlining things with a new system that could save you time on your taxes. But before you hit snooze forever, here’s what you need to know. What’s the Deal with Auto-Assessment? SARS is using […]
At Biz Evolution, we understand that tax season can be a stressful time. This year, the South African Revenue Service (SARS) is aiming to streamline the process with auto-assessments for qualifying taxpayers. But what exactly are auto-assessments, and how do you know if you’re eligible? What are SARS Auto-Assessments? Auto-assessments are pre-populated tax returns generated […]
